Kingz Trans LLC
Kingz Trans LLC is located in Jackson, NJ, and the SBA lists its industry as Charter Bus Industry. It was approved for an SBA 7(a) loan of $1,450,000 for a change of ownership on September 30, 2026.
SBA 7(a) loan, change of ownership, approved Sep 30, 2026
- Gross approval
- $1,450,000
- SBA-guaranteed amount
- $1,087,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 30, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $18,763 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 485510, Charter Bus Industry
- Project location
- Ocean County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Charter Bus Industry: $1,671,650.
- Average acquisition loan in New Jersey: $1,626,307.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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